Under Armour (NYSE:UAA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Under Armour (NYSE:UAA) had its target price hoisted by Wells Fargo & Company from $8.00 to $11.00 in a research report report published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other research analysts have also issued reports about the stock. Wedbush raised their target price on shares of Under Armour from $8.00 to $8.50 and gave the company an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus lifted their price objective on shares of Under Armour from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $8.00 price objective on shares of Under Armour in a research note on Monday, November 4th. Barclays lifted their price objective on shares of Under Armour from $6.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Finally, BMO Capital Markets lifted their price objective on shares of Under Armour from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9.03.

Under Armour Trading Down 1.1 %

UAA stock opened at $9.58 on Friday. The firm has a fifty day moving average price of $8.51 and a 200 day moving average price of $7.55. Under Armour has a fifty-two week low of $6.17 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The firm has a market cap of $4.14 billion, a PE ratio of -319.17, a price-to-earnings-growth ratio of 4.40 and a beta of 1.66.

Institutional Trading of Under Armour

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Under Armour by 1.0% in the first quarter. Vanguard Group Inc. now owns 18,247,340 shares of the company’s stock valued at $134,665,000 after acquiring an additional 173,817 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Under Armour by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 9,351,829 shares of the company’s stock valued at $62,376,000 after acquiring an additional 1,051,143 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Under Armour by 1.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,412,643 shares of the company’s stock valued at $36,102,000 after acquiring an additional 70,731 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Under Armour by 27.2% in the first quarter. Janus Henderson Group PLC now owns 3,890,428 shares of the company’s stock valued at $28,712,000 after acquiring an additional 831,202 shares in the last quarter. Finally, Maven Securities LTD boosted its holdings in shares of Under Armour by 11.8% in the 2nd quarter. Maven Securities LTD now owns 1,341,798 shares of the company’s stock valued at $8,950,000 after buying an additional 141,556 shares in the last quarter. 34.58% of the stock is currently owned by institutional investors.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.